As the art market shows signs of slowing, London is looking to attract a new generation of art buyers — and showcase young emerging artists in the process.

Global art sales slid 4% year-on-year in 2023, according to the Art Basel & UBS Art Market Report 2024, falling to $65 billion after two years of growth.

It has led industry professionals — such as Elio D’Anna, co-founder and CEO of the House of Fine Art (HOFA) gallery in London’s Mayfair district — to shift their focus toward both younger collectors and younger artists.

“Five years ago … our target was more in the 35- to 45-year-old buyers, almost 50/50 men and women. But now we are seeing more the 25- to 35-[year-old] buyers,” he told CNBC’s “The Art of Appreciation.”

This increase in younger collectors comes as artificial intelligence — and how it can be used to create work — remains a hot topic in the art world.

It’s certainly a focus for D’Anna. HOFA represents artist Sougwen Chung, who uses a robot Chung designed to co-create work. Chung, who uses the pronoun they, calls the machine a drawing operations unit, or DOUG.

Read more: https://www.cnbc.com/2024/11/28/art-in-london-the-city-wants-to-attract-younger-collectors.html

The JD Malat Gallery hosts contemporary Romanian artist Ur Kasin’s debut solo exhibition in London. Titled All Is Blurred, the show features six monumental compositions “that explore the psychological journey of a character that he has created, navigating his way through a complex and unforgiving world.”

Kasin subverts the traditional subject matter of the large-scale canvas, typically reserved for grand historical subjects, by focusing on everyday actions, the gallery explained. 

“Whether it’s enjoying a glass of Asahi, indulging in that McDonald’s drive-through meal, or clutching onto your morning coffee as you rush to work: Kasin depicts these habitual actions, inviting viewers to look beyond the ordinary. What initially seems like routine behaviour reveals deeper layers of hidden pressures and unhealthy societal habits embedded in our daily lives, transforming common actions into a powerful critique of contemporary culture,” reads the press release.

Read more: https://www.romania-insider.com/ur-kasin-exhibition-london-gallery-nov-2024

An exhibition entitled “Mot Thoang Viet Nam” (A glimpse of Vietnam) is underway by Thang Long Art Gallery at Bonhams auction house within the framework of the 27th edition of Asian Art in London (AAL), marking the first participation of a Vietnamese gallery at the city’s prestigious art event.

This year’s event, running from October 30 to November 8, includes around 20 Asian art exhibitions from galleries across various countries, along with over 20 auction sessions focused on Chinese, Japanese, Southeast Asian, Indian, Middle Eastern, and Islamic art. It also features a seminar on Asian art with the attendance of top curators from major museums and galleries, as well as industry experts and scholars.Sophie Kempson, Programme Development Director at AAL, said this is the first year AAL has organised exhibitions directly at renowned auction houses such as Sotheby’s, Bonhams, and Christie’s, creating opportunities to promote Asian arts as a broader audience attending auctions experiences new galleries or artists they may not have known.The exhibition showcases a diverse collection of artworks by four artists, highlighting unique styles and perspectives across different generations of Vietnamese art.

Read more: https://baolangson.vn/en/vietnamese-paintings-showcased-at-london-asian-art-5027695.html